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True enough, rather silly of me. What I was asking for was a recommendation of what a good area might be. Like I said, a broad question. But I've been away from Sydney for nearly five years now, I don't really know the market, or even which neighbourhoods might have improved, and which might have gone downhill.
Hi all,
Thanks for your thoughts. I've been looking at Yarraville/Fitroy/Seddon/Newport. I think they have all the right potential for capital growth. They've appreciated quite a bit lately, but I think there's plenty more potential in the long term. You can't argue with liveable houses on 500sqm or more, less than 10km from the city for <$600k. I think the appreciation over 10-20 years will be crazy. I'm buying for the long term.
As for luxury, I'm just a boy from the suburbs. I have had an amazing lifestyle over the last four years here, and seen some amazing parts of the world. But I've always known I'll be going back to Australia. I'm looking forward to it, actually, I've had enough of where I am at the moment.
I'd still consider something with amazing rental returns, but I do have an idea that a nice big block of land for great capital appreciation and/or space when it's time to raise a family.
Does anyone here have any experience with multicurrency mortgages? Particularly the tax implications?
Thanks Jac, and apologies for the slow reply.
Finance won't be a problem, I'll arrange it from here before I leave.
We'll want to live in it at some point, and the lady, who is from Melbourne, has ruled out Sunshine. Altona might be OK, though I'm skeptical of the health effects of all that industry, past and present.
Preston looks good – I can afford a nice size block of land up there. Bentleigh I could probably afford a freestanding house, but on a much smaller block, with limited prospects for redevelopment.
Any other suggestions?
